Variations in Opinions toward Disclosure Trend of Insurance Companies in Bangladesh: An Empirical Study

Md. Abu Bokar Siddique, Taposh Kumar Neogy and Md. Rabiul Islam
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Md. Abu Bokar Siddique: Associate Professor in Accounting, Department of Humanities, Rajshahi University of Engineering & Technology, Rajshahi, Bangladesh
Taposh Kumar Neogy: Assistant Professor in Accounting, Institute of Business Administration (IBA), (Under National University), Rajshahi, Bangladesh
Md. Rabiul Islam: Lecturer in Management, Department of Humanities, Rajshahi University of Engineering & Technology, Rajshahi, Bangladesh

American Journal of Trade and Policy, 2014, vol. 1, issue 1, 42-50

Abstract: The study is an attempt to empirically examine the perceptions of a sample of users of reported information regarding the use of annual reports for decision making, adequacy, reliability, consistency, comparability, relevance, satisfaction, and compliance of BASs (IASs) in preparing annual reports. Results of the study demonstrated a lack of disclosure in the annual reports of insurance companies. The study also found insignifi cant variations in opinions towards adequacy, consistency, relevance, satisfaction, and compliance of Bangladesh Accounting Standards provisions in the companies' disclosure policy. At the same time, there are signifi cant variations in responses regarding reliability and comparability of accounting information disclosed in the annual reports. Insurance companies should develop their reporting policy to satisfy their users through compliance with the disclosure requirements of international standards.

Keywords: Financial disclosure; Insurance company; Bangladesh (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2014
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